Saga Communications, Inc. (NYSEAMERICAN:SGA) major shareholder Towerview Llc bought 3,605 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was bought at an average cost of $28.08 per share, for a total transaction of $101,228.40. Following the transaction, the insider now owns 1,170,000 shares of the company’s stock, valued at approximately $32,853,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Towerview Llc also recently made the following trade(s):

  • On Monday, May 20th, Towerview Llc bought 1,705 shares of Saga Communications stock. The stock was bought at an average cost of $28.44 per share, for a total transaction of $48,490.20.

NYSEAMERICAN:SGA opened at $29.75 on Friday. Saga Communications, Inc. has a 52-week low of $28.00 and a 52-week high of $39.35.

Saga Communications (NYSEAMERICAN:SGA) last released its earnings results on Friday, May 10th. The company reported $0.23 earnings per share (EPS) for the quarter. The company had revenue of $27.82 million during the quarter.

Several large investors have recently added to or reduced their stakes in SGA. BNP Paribas Arbitrage SA grew its holdings in Saga Communications by 505.1% during the first quarter. BNP Paribas Arbitrage SA now owns 823 shares of the company’s stock worth $27,000 after purchasing an additional 687 shares during the period. Bank of America Corp DE grew its holdings in Saga Communications by 28.0% during the fourth quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock worth $106,000 after purchasing an additional 698 shares during the period. SG Americas Securities LLC bought a new position in Saga Communications during the first quarter worth about $138,000. Wells Fargo & Company MN grew its holdings in Saga Communications by 6.8% during the first quarter. Wells Fargo & Company MN now owns 8,103 shares of the company’s stock worth $269,000 after purchasing an additional 516 shares during the period. Finally, Kennedy Capital Management Inc. bought a new position in Saga Communications during the first quarter worth about $1,079,000.

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About Saga Communications

Saga Communications, Inc, a broadcast company, acquires, develops, and operates broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, adult hits, top 40, country, country legends, mainstream/hot/soft adult contemporary, pure oldies, classic rock, and news/talk.

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